§ 147-69. Deposits of State funds in banks and savings and loan associations regulated. - North Carolina Statutes

§ 147‑69.  Deposits ofState funds in banks and savings and loan associations regulated.

Banks and savings and loanassociations having State deposits shall furnish to the Auditor of the State,upon the Auditor's request, a statement of the moneys which have been receivedand paid by them on account of the treasury. The Treasurer shall keep in theTreasurer's office a full account of all moneys deposited in and drawn from allbanks and savings and loan associations in which the Treasurer may deposit orcause to be deposited any of the public funds, and these accounts shall be opento the inspection of the Auditor. The Treasurer shall sign all checks, and nodepository bank or savings and loan association shall be authorized to paychecks not bearing the Treasurer's official signature. The Treasurer isauthorized to use a facsimile signature machine or device in affixing theTreasurer's signature to warrants, checks or any other instrument the Treasureris required by law to sign. The Commissioner of Banks, the bank examiners, andthe savings and loan examiners, when so required by the State Treasurer, shallkeep the State Treasurer fully informed at all times as to the condition of allthese depository banks and savings and loan associations, so as to fully protectthe State from loss. The State Treasurer shall, before making deposits in anybank or savings and loan association, require ample security from the bank orsavings and loan association for these deposits. (1905, c. 520; Rev., s. 5371;1915, c. 168; 1917, c. 159; C.S., s. 7684; 1931, c. 127, s. 1; c. 243, s. 5;1933, c. 175, s. 1; 1945, c. 644; 1949, c. 1183; 1967, c. 398, s. 2; 1977, c.401, s. 1; 1983, c. 158, s. 4; 1987, c. 751, s. 1; 1989, c. 76, s. 27; 2001‑193,s. 16; 2004‑203, s. 11.)